Capturing value from knowledge assets: The new economy, markets for know-how, and intangible assets
DJ Teece - California management review, 1998 - journals.sagepub.com
California management review, 1998•journals.sagepub.com
Management is always confronting new challenges. Sometimes these are simply
yesterday's challenges presented anew in a slightly differ-ent context. But from time to time,
new challenges emerge that have no close precedent. Managing intellectual capital in the
information age is possibly one such challenge, as advanced industrial economies have
entered a new epoch. Many sectors are animated by new economics, where the payoff to
managing knowledge astutely has been dramatically amplified, in part because of the …
yesterday's challenges presented anew in a slightly differ-ent context. But from time to time,
new challenges emerge that have no close precedent. Managing intellectual capital in the
information age is possibly one such challenge, as advanced industrial economies have
entered a new epoch. Many sectors are animated by new economics, where the payoff to
managing knowledge astutely has been dramatically amplified, in part because of the …
Management is always confronting new challenges. Sometimes these are simply yesterday’s challenges presented anew in a slightly differ-ent context. But from time to time, new challenges emerge that have no close precedent. Managing intellectual capital in the information age is possibly one such challenge, as advanced industrial economies have entered a new epoch. Many sectors are animated by new economics, where the payoff to managing knowledge astutely has been dramatically amplified, in part because of the phenomena of increasing returns, in part because of new information technology, and in part because of the changing role of intellectual property. Moreover, the context in which knowledge assets are created and exploited is today truly global.